Some Advantages of buying this Villa as a business Investment
Location and Physical Advantages:-
1.
A cliché but in this case an important issue……”Location, Location, Location”. The Villa is located 10 kilometres North of Corfu Town. There are very few visitors to the island that do not, at least once during their holiday, spend a day in Corfu Town. The road between the Villa and Corfu Town is 90% double carriageway. Access to and from the airport and the port is quick and easy. There is a regular bus service.
2.
Regarding location again. The Villa is located within a Private Estate in the residential suburb or area called Kommeno. There are 9 villas and three apartments within the Estate the centre of which is occupied by an ancient Venetian Fortress (a protected structure). Access to the Estate is limited to residents who have controls to the electronic gate at the main entrance. Privacy and security are assured. Kommeno is considered the No. 1 residential area of Corfu.
3.
The Villa has a single garage and parking space for a further three vehicles.
4.
A variety of shops, tavernas, restaurants and swimming beaches are within 5 to 15 minutes’ drive by car. There is a small private beach about 200 metres from the Villa.
5.
The main marina at Gouvia is visible from the Villa and a 10 minute drive away. This is ideal for those who are keen on sailing and/or have their own yacht or motor cruiser.
6.
The Villa is built on land space of 1,500 square metres. The garden is therefore manageable and the swimming pool likewise thereby limiting upkeep and management costs.
The Internal Plan of the Villa
From the plans of the villa it can be seen that there are in fact 2 (two) rentable facilities.
One….. a three bedroom villa (six people) each bedroom with its own bathroom with two bedrooms with their own sea facing balcony
Two….. a luxury one bedroom apartment with its own and separate access consisting of bedroom (2 persons), bathroom, kitchen/dining area and lounge with access to the garden and swimming pool. This apartment is also easily connected to the main villa if required.
This allows for either 8 people to rent the villa or for two separate renters being a family (6) and separately, a couple (2).
It should be noted that the design of the Villa and its garden allows a large degree of privacy to both main Villa occupants as well as occupants of the Apartment with the swimming pool and car parking area being the only point of common use.
Potential Income
For maximum ROI it is suggested the Villa is ideal for Holiday rentals either via a professional Holiday Villa rental company or privately operated. In either event an AOT license (a Greek Trading License) will be necessary which can be arranged via a property management company, a lawyer or an accountant. It should be noted that the winter months allow plenty of time for property maintenance and owner occupation. Once again the internal plan of this Villa permits various options such as:-
1. Rent the entire Villa as one unit (sleeps 8)
2. Rent the Villa as two entities’, one sleeping 6 and the apartment sleeping 2.
3. Trade the Villa in the Super Luxury Class supplying full on site catering and service facilities. The Villa staff would be accommodated in the Apartment allowing 6 persons to rent the main Villa. This model attracts an exclusive but smaller market.
A second option is to rent the Villa on a permanent rental basis either as an 8 person luxury villa or as a 6 person villa and separately, a 2 person apartment. This option does not require an AOT trading license.
Villa Ownership
Very Important Notice for potential Non-EU buyers and EU Buyers
This villa is owned by an off shore EU based company. This has several advantages for a potential purchaser-:
A. A non-European buyer would need to gain the permission of the Greek Ministry of Defence in order to buy a property here in Greece OR establish an off shore EU based company which would purchase the property.
B. In the case of this villa neither of the two would apply as the villa is already owned by an off shore EU based company and therefore a potential buyer would need only to buy the shares in this company in order to take ownership. This also makes a purchase considerably easier for someone living within the EU.
C. It should be noted that company share transfer tax, which would be payable, is less than normal Greek property transfer tax. This means there is a saving of many thousands of Euro.